Strategic alliance boosts Treasury FUM
The recently implemented strategic partnership between Orion Asset Management and New York-based Trilogy has delivered dividends for the Treasury Group, which has announced a 10.69 per cent lift in the level of funds under management (FUM) to $11.29 billion.
In an announcement to the Australian Stock Exchange today, Treasury Group announced that funds under management had grown by $1.09 billion during the December quarter, and that this had been the first quarter where funds managed by the new Orion/Trilogy partnership had been brought to account.
It said the total FUM included $296 million of funds managed by Trilogy Asset Management — the New York-based boutique asset management business with whom Orion Asset Management had a strategic partnership.
Treasury Group Investment Services acts as responsible entity for Orion in Australia.
Treasury Group’s FUM represents the total funds managed by Investors Mutual Limited, Orion Asset Management Limited, Confluence Asset Management Limited, Global Value Investors Limited, Treasury Asia Asset Management Limited and RARE Infrastructure Limited.
AUTHOR
Mike Taylor
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